April 11, 2023
Living Longer = Stretching Your Retirement Funds
Living in retirement can last decades as life expectancies continue to increase. It’s important to make sure that your funds are planned for the long-term, as living longer means your retirement funds will need to last longer. Strategically preparing for retirement is essential for your future, but it can be an overwhelming process filled with questions and uncertainty.
Where do I begin? What comes next? What should my priorities be?
Think about your lifestyle.
Retirement is a great time for self-reflection and exploration! Many people plan on living a balanced life in retirement, taking time for leisure, family, and friends. How would you like to spend your days? The possibilities are endless! You can explore new hobbies or travel to new places. Maybe you want to continue to work in your career or take on a part time job. Most importantly, make sure you take the time to appreciate and enjoy life and all the blessings you have.
Think about protecting your family.
Retirement is a time of life that you should look forward to with confidence, knowing that you and your family are financially secure and prepared as much as possible. To help ensure that your family is protected in your retirement years, it’s important to begin planning and saving early. Establishing a retirement plan and investigating different financial products can help to ensure that your family is taken care of in retirement. Additionally, it’s important to consider the type of protection you will need in retirement, such as life insurance. Taking the time to research these options and considering how they might benefit your family can help give you peace of mind that your loved ones will be taken care of in the future. Also, as much as people want to avoid the essential topic of death, it is important for your loved ones to know what your wishes are when the day comes for them to live on without you. Take time to talk to your loved ones, and take advantage of writing it all down in the KSKJ Life Final Wishes Planner available HERE.
Think about your health.
Retirement is a great time to start focusing on your health and well-being. It’s important to stay active as well as get regular checkups with your healthcare provider. You might consider joining a gym or a fitness class to stay active. Strive to eat a balanced diet and make sure to get enough sleep. (But don’t forget to take time to relax and enjoy life, too!) Ensure you are keeping an eye on the ever-changing healthcare costs. Taking these steps can help you stay healthy and enjoy your retirement years.
Think about your finances.
Planning for retirement can be an overwhelming task, but starting the planning process earlier can make it easier. Start by creating a budget that takes into account your current income, expenses, and savings. Consider how much you will need to save each month to achieve your retirement goals. You might also want to create a plan to pay off any debt prior to retirement to increase your available funds during that time. Research different retirement savings vehicles, such as a KSKJ Life fixed annuity, and make sure to review your financial plan periodically to make sure you’re on track. With the right preparation and planning, you can enjoy a comfortable retirement.
Disclaimer: We are not tax advisors or financial planners. KSKJ Life does not provide investment advice and this material is not intended to provide investment advice. By contacting us, you may be offered information by an agent about purchasing life insurance or annuity products.
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